PBF Energy (NYSE:PBF) had its target price raised by analysts at The Goldman Sachs Group from $12.00 to $14.00 in a report issued on Thursday, The Fly reports. The firm currently has a "neutral" rating on the oil and gas company's stock. The Goldman Sachs Group's price target would suggest a potential downside of 8.50% from the stock's previous close.
PBF has been the topic of several other research reports. Credit Suisse Group lowered PBF Energy from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $17.00 to $9.00 in a report on Tuesday, July 27th. Wolfe Research lowered PBF Energy from a "peer perform" rating to an "underperform" rating and set a $10.00 price objective on the stock. in a report on Wednesday, July 14th. Morgan Stanley started coverage on shares of PBF Energy in a research note on Tuesday, September 7th. They set an "equal weight" rating and a $12.00 target price for the company. Barclays increased their target price on shares of PBF Energy from $9.00 to $11.00 and gave the stock an "underweight" rating in a research note on Friday, October 8th. Finally, Wells Fargo & Company downgraded shares of PBF Energy from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $10.50 to $8.00 in a research note on Thursday, August 12th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.20.
NYSE:PBF traded up $0.52 during trading hours on Thursday, hitting $15.30. The company's stock had a trading volume of 15,950 shares, compared to its average volume of 4,663,094. The stock has a market capitalization of $1.84 billion, a P/E ratio of -2.59 and a beta of 2.98. The stock has a fifty day moving average of $10.80 and a 200-day moving average of $13.01. The company has a current ratio of 1.40, a quick ratio of 0.70 and a debt-to-equity ratio of 2.09. PBF Energy has a 52-week low of $4.06 and a 52-week high of $18.78.
PBF Energy (NYSE:PBF) last posted its earnings results on Thursday, July 29th. The oil and gas company reported ($1.26) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.23). The business had revenue of $6.90 billion during the quarter, compared to analysts' expectations of $6 billion. PBF Energy had a negative net margin of 3.70% and a negative return on equity of 59.77%. On average, sell-side analysts forecast that PBF Energy will post -5.15 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of PBF Energy during the 2nd quarter worth approximately $31,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of PBF Energy during the 2nd quarter worth approximately $33,000. regents capital Ltd purchased a new position in shares of PBF Energy during the 1st quarter worth approximately $34,000. Captrust Financial Advisors increased its stake in shares of PBF Energy by 86.5% during the 1st quarter. Captrust Financial Advisors now owns 3,833 shares of the oil and gas company's stock worth $54,000 after purchasing an additional 1,778 shares in the last quarter. Finally, FMR LLC increased its stake in shares of PBF Energy by 136.7% during the 2nd quarter. FMR LLC now owns 4,861 shares of the oil and gas company's stock worth $74,000 after purchasing an additional 2,807 shares in the last quarter. 68.47% of the stock is owned by institutional investors and hedge funds.
About PBF Energy
PBF Energy, Inc engages in the operation of a petroleum refiner and supplies unbranded transportation fuels, heating oil, petrochemical feed stocks, lubricants, and other petroleum products in the United States. It operates through the following segments: Refining and Logistics. The Refining segment refines crude oil and other feed stocks into petroleum products.
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